No bids in Korean tender

Mar 1, 2010

South Korea has reissued a tender to buy 200 tonnes of tin ingot, after passing on an earlier auction closed on Friday due to a lack of bidders, the state-run Public Procurement Service (PPS) said. The agency is seeking metal with more than 99.9% purity, excluding...

Bangka protest at new mining law

Feb 22, 2010

Small-scale miners on Bangka island are concerned that they may not be allowed to mine tin because some clauses in Indonesia’s new mining and coal law, passed in December 2008, conflict with local government regulations. Rudi, vice chairman of Association of...

WBMS: Most LME metals over-supplied in 2009

Feb 18, 2010

Preliminary data for world production and consumption of the six LME metals released yesterday by the World Bureau of Metals Statistics showed that five of the six (lead was the exception) were in surplus in 2009. In every case the surpluses would have been much...

Minsur profits bounce back in Q4

Feb 18, 2010

Peruvian tin miner Compania Minera Minsur SA said its fourth-quarter net income totaled 179 million soles ($63 million), compared with PEN99.1 million in the same quarter a year earlier. Fourth quarter net sales were up at PEN411 million, compared with PEN391 million...

Monsoon limits January Indonesian tin shipments

Feb 16, 2010

Provisional data from Indonesia’s trade ministry shows that the volume of tin checked by surveying companies prior to export in January dropped from 8,508 tonnes in December to 6,775 tonnes in January. The January total was still, however, some 7% higher than in...

Yunnan Tin details expansion projects

Feb 15, 2010

China’s Xinhua news agency has reported more details of the investment projects being carried out by Yunnan Tin Company, which it is financing through a RMB 1.4 billion (US$200 million) rights issue announced last month. YTC will increase its tin mining and...